The Impact Investment Readiness Fund, seeded with $1 million from National Australia Bank (NAB), provides mission-driven organisations with targeted advice and support to help them secure investment for scaling up their social or environmental impact.
The Fund offers grants of up to $100,000 for enterprises to purchase specialised capacity building support from providers such as advisory, financial, intermediary or legal services. Click here to read about some of the social enterprises that have received grants from the Fund, and in some cases, already gone on to attract impact investments.
The Fund is a partnership between Impact Investing Australia and NAB, and was designed in consultation with The Difference Incubator.
The Fund was created in recognition of the potential of impact investing to change the way Australia addresses social issues and the important role that access to capital can play in delivering better outcomes for people and communities.
It aims to bridge the gap in the Australian market that exists between mission-driven organisations in need of funding and investors actively seeking impact investment opportunities.
The establishment of an Impact Investment Readiness Fund is a key step towards growing the market for impact investing in Australia, and responds to a specific recommendation made in ‘Delivering on Impact‘, the Australian Advisory Board on Impact Investing’s strategy to catalyse impact investing.
Click here for Application Guidelines
Click here for FAQs about the Fund
Click here to access the Grant Application form